Apple Store Employees DO NOT KNOW anything about the launch right now. They have NO idea how many iPhones Apple is shipping them. None. Anyone who tells you differently is spreading FUD. Its really sad when Apple Store employees start acting like BB employees, but that is what happens as you expand and you have to go deeper into the labor pool.
Apple will not disappoint you. If you "reserved" one you will get it if you p/u on Thurs. You do not need to be the first in line. They will hold your phone, so to speak. The only reason Apple says a "reserve" isn't a guarantee is b/c weather delays plans, traffic delays delivery trucks, and general crap seems to happen at the worst time.
Have a great weekend and stop worrying about all this crap. You will wonder why you wasted time thinking about it next weekend when you are playing w/ your iP4.
Excellent post. I may be the ones doing the last thing you mentioned if my credit card situation is resolved.